Bankruptcy Frequently Asked Questions Chapter 13

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					Table of Contents
Introduction-How to use this guide..................................................................................... 2
Do I need a lawyer to file bankruptcy? ............................................................................... 3
How do I find a reputable law firm? ................................................................................... 3
General FAQ ....................................................................................................................... 4
   What does Chapter 13 mean? ......................................................................................... 4
   Does Chapter 13 mean bankruptcy liquidation? ............................................................. 4
   Who can use Chapter 13? ............................................................................................... 4
   How do I get started? ...................................................................................................... 5
   Is it true I won’t actually see a judge? ............................................................................ 5
   Do I get to pick my trustee? ............................................................................................ 5
   Who are the players in the 341 Meeting? ....................................................................... 6
   What happens at the 341 Meeting? ................................................................................. 6
   So, who do I pay and when do I start? ............................................................................ 6
   Can I pay if off early? ..................................................................................................... 7
   Can I pay the Trustee extra money if I am able? ............................................................ 7
   Under the plan, how much am I expected to pay on unsecured debts? .......................... 7
   What if I need more than 60 months to pay my debt? .................................................... 7
   Can they still foreclose on my house after I have filed? ................................................. 8
   What happens if I stop paying or can’t pay the trustee? ................................................. 8
   Besides my filing fee, what other fees will I have to pay? ............................................. 8
   What are the tax obligations of a person filing bankruptcy? .......................................... 8
   What happens to my federal tax debts? .......................................................................... 8
   My spouse is filing bankruptcy, should we file together? .............................................. 9
   What is community property? ......................................................................................... 9
   What is “equitable distribution”? .................................................................................. 10
   Which is the best option, a Chapter 7 or Chapter 13? .................................................. 10
   Can I change from Chapter 13 to Chapter 7 and visa versa? .....................
				
DOCUMENT INFO
Description: Deciding to file for bankruptcy is a one of the most important financial decisions you can make. The purpose of this guide is to walk the user step by step through the process and shed light on what can be a very confusing and complex process. While a lawyer is not necessary to file bankruptcy, it can be a challenge for the layperson.
This document is also part of a package Chapter 13 Bankruptcy Guide 42 Documents Included